A Canadian exporter, Victoria Exports, will be receiving six payments of 12,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to change the euros to at the end of the various periods. Which currency appears to offer the better rates in the forward market? Please attach a file/worksheet showing how you calculated your answer. Period spot Days Forward C$/euro US$/euro 1.3360 1.3221 1 month 2 months 3 months 888 30 1.3368 1.3230 60 1.3376 1.3228 90 1.3382 1.3224 6 months 180 1.3406 1.3215 12 months 360 1.3462 1.3194